William Blair analyst Jonathan Ho has maintained their bullish stance on VIA stock, giving a Buy rating today.
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Jonathan Ho has given his Buy rating due to a combination of factors, including Via’s notably strong top-line performance and improving profitability trajectory. He highlights that revenue rose 29% year-over-year and pro forma earnings losses narrowed significantly, indicating solid operating leverage and steady progress toward breakeven, despite short-term headwinds in Germany.
He also emphasizes the strength and expansion of Via’s sales pipeline, which has grown about 50% year-over-year to roughly $650 million, aided by new bus-routing opportunities that could differentiate the firm from legacy providers. In his view, the softer second-quarter outlook is largely a matter of contract timing rather than demand erosion, and full-year guidance was raised, suggesting that new wins should more than offset regional softness and support sustained growth.
According to TipRanks, Ho is a 2-star analyst with an average return of 0.0% and a 43.84% success rate. Ho covers the Technology sector, focusing on stocks such as Via Transportation, Inc. Class A, Rapid7, and Qualys.
In another report released today, Morgan Stanley also maintained a Buy rating on the stock with a $24.00 price target.